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Mar 20, 2013
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these would be the lone wolves who aspire to undertake a tax. we have been relatively successful in utilizing the same investigative tools that we utilize for public corruption cases, white-collar criminal cases, in terms of obtaining the cooperation of people come in terms of utilizing surveillance, whether it be wiser or physical surveillance, for instance, in identifying the persons who present these projects -- threats. thwart theo attacks. the harder it becomes to identify the individuals, because they're not reaching out to anybody else, which would enable us to identify and alert them. if so it is an increasing trend. we have been relatively successful. my hope is that our traditional techniques will continue to give us some success in this arena. shifting just a little bit from that, does the recent legalization of marijuana in colorado and washington state in the trend we are seeing, how fbi'shat impact on the and the dea, indirectly? you are involved in these cases. >> we do very little. we still participate in task forces and the like
these would be the lone wolves who aspire to undertake a tax. we have been relatively successful in utilizing the same investigative tools that we utilize for public corruption cases, white-collar criminal cases, in terms of obtaining the cooperation of people come in terms of utilizing surveillance, whether it be wiser or physical surveillance, for instance, in identifying the persons who present these projects -- threats. thwart theo attacks. the harder it becomes to identify the individuals,...
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Mar 23, 2013
03/13
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-- networks to undertake a tax. -- attacks. we have done a number of things in conjunction with the secret service, nsa, because many cyber attacks originate from overseas. those have been successful. the one point i would make is that we tend to think and discuss in the beltway about protecting our networks from attacks, forgetting that behind every keyboard is an individual. aserrents is more -- is important as everything else. yes, you have to protect your databases, but those persons that are trying to get in have to go to jail. people have to understand that there is a price to be paid for breaking the law when it comes to cyber intrusions. that is something we are focused on, identifying the persons behind those keyboards, and making certain that if they undertake a tax, they will not undertake another in the future. >> i will yield back. >> would it make sense to double or increase the penalty for people involved in a cyber attacks? >> i think we ought to look at the penalty structure, yes. >> could you get back to us? w
-- networks to undertake a tax. -- attacks. we have done a number of things in conjunction with the secret service, nsa, because many cyber attacks originate from overseas. those have been successful. the one point i would make is that we tend to think and discuss in the beltway about protecting our networks from attacks, forgetting that behind every keyboard is an individual. aserrents is more -- is important as everything else. yes, you have to protect your databases, but those persons that...
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Mar 19, 2013
03/13
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one of the things i have from the start, they raised taxes to be prepared to pay for the cost of war and not cut them dramatically as we did. i think we didn't dot part we should have in terms of proiing revenue to make sure we can pay for this. the cost of war is well-understood. this should not be a prize. we make sure we had the personnel available to make sure the benefits get processed. >> ten years later, the big take away from the american involvement in iraq, do you think this left an imprint on the generations of americans that war should be the last possible thing to be considered? >> absolutely. iraq was a complicated situation. even when we went to war, we had a no-fly zone. the iraq military was shooting at us every day. saddam hussein is not sustainable. it was a very difficult situation to figure out what to do. i think what we learned is no matter how difficult the situation is, understand the cost of stepping across the line and going to war. it is an enormous cost. i hope you will keep that cost in mind before we rush to judgment on how to deal with the situation. >
one of the things i have from the start, they raised taxes to be prepared to pay for the cost of war and not cut them dramatically as we did. i think we didn't dot part we should have in terms of proiing revenue to make sure we can pay for this. the cost of war is well-understood. this should not be a prize. we make sure we had the personnel available to make sure the benefits get processed. >> ten years later, the big take away from the american involvement in iraq, do you think this...
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Mar 21, 2013
03/13
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FOXNEWSW
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raise taxes. next year they want to raise the taxes by 40 billion dollars, again, the republican budget doesn't raise taxes and then on the deficit this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten
raise taxes. next year they want to raise the taxes by 40 billion dollars, again, the republican budget doesn't raise taxes and then on the deficit this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the...
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Mar 20, 2013
03/13
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it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of spending $46 trillion over the next 10 years, as we're currently poised to spend, we spend $41 trillion. instead of growing spending 5% a year we grow at 3.4% a year. with all the predictions of doom and gloom and how evil and terrible and horrible or budget is, it increases spending every year by 3.4% a year instead of 5% a year. the difference is we balance the budget. the difference is we let families keep more of their own take-home pay. the difference is we make sure our kids inherit a debt-free future. the difference is w
it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of...
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Mar 23, 2013
03/13
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we are also tax payers. if you take 20% of your budget and cut it, these are the people paying it your taxes and the next thing you tell them is next year at tax time, you have lowered their budget, how does that make up for all the money that gets lost to the government that they need right now to fix these situations? guest: sequester was an idea o
we are also tax payers. if you take 20% of your budget and cut it, these are the people paying it your taxes and the next thing you tell them is next year at tax time, you have lowered their budget, how does that make up for all the money that gets lost to the government that they need right now to fix these situations? guest: sequester was an idea o
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Mar 26, 2013
03/13
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FBC
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focus on this rich guys did not dodge the tax. now a government has broken precedence, by going after what is in their bank account, how long do you think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that is what concerns me about this cyprus tax. what the poor saps will discover when the banks reopen in cyprus, run. can't take their money and the government is watching and limiting, and i am kind of worrying. what is going on in this island nation, is a tsunami. bank on it. literally. to rich edison, in cyprus to this nervous night before, hey, rich. >> good evening neil, you have to imagine, folks without access to their banks account will have some tomorrow 8:30 in the morning. for more than a week these folks had closed banks today there
focus on this rich guys did not dodge the tax. now a government has broken precedence, by going after what is in their bank account, how long do you think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that...
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Mar 26, 2013
03/13
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at what won't do we tax too much. at what point is it counter productive, many of these indivials have the means to move. >> trouble with that, is it has been hard to find a country you could escape this, trend is up across the board. even in switzerland, which was a a half ep frohaven, the are goik bonus, and ceo pay, something n the global water that is very distivitdistasteful. >> as gretchen said they become more concerned and more fiscally conservative, the more money they make, and more they want to keep, that is why the lottery winners, it is a shock to the system, they really don't know what to do. they really need a financial planner, and maybe take a trip to kaman islands get some sun, and financial advice while y are there it is a shock to the m, they need to be smart about this and figure out best plan of action. neil: all right, or just return the money, and say i can't deal. >> no, no, they can send it to me. neil let's not get crazy. this just in, illegals will not have to wait until washingtonning at t
at what won't do we tax too much. at what point is it counter productive, many of these indivials have the means to move. >> trouble with that, is it has been hard to find a country you could escape this, trend is up across the board. even in switzerland, which was a a half ep frohaven, the are goik bonus, and ceo pay, something n the global water that is very distivitdistasteful. >> as gretchen said they become more concerned and more fiscally conservative, the more money they...
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Mar 19, 2013
03/13
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tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and lastly, the c.b.c. balanced approach stands up for important programs like social security, medicare, and medicaid that have nothing to do with the economic mess that we find ourselveses in right now. now we don't have a short-term deficit crisis in america. that's what the independent objective economists have concluded. the speaker of the house of representatives has acknowledged we don't have a short-term deficit crisis. the chairman of the budget committee just yesterday acknowledged that we don't have a short-term deficit crisis. we've gained six million jobs over the last four-plus years but we
tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and...
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Mar 20, 2013
03/13
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it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the sequester? meet the military commander telling harry to say i'm sorry. [ male announcer ] it's relobster's lobsterfest our largest selection of lobster erees, like lobster lover's dream or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 co
it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >>...
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Mar 20, 2013
03/13
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KRON
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hotel tax?s for 350 of those with the nfl will be waived. two tax surcharges that would go to funding the new stadium are also waived among other things. the mayor says money will be made back from filling hotels and also private donors. some that i talked with this evening are still not happy with the city?s decision. santa clara is competing with miami for the 2016 super bowl. miami however chose not to give in to these requests made by the nfl. mayor matthews believes this move puts santa clara in a prime position to get the big game. while there was lots of super bowl talk tonight keep in mind the nfl won?t make their decision on a location until late may. reporting in santa clara j.r. stone kron 4 news. now to a developing story in san jose. police are looking for a gunman who they say shot a man in an apparent drive-by shooting. the victim is hospitalized tonight. it happened near fisher middle school on hopkins drive. police say the victim -- between 18 and 20 years old was standing on the sidewalk when a light-colored s-u-v drove by
hotel tax?s for 350 of those with the nfl will be waived. two tax surcharges that would go to funding the new stadium are also waived among other things. the mayor says money will be made back from filling hotels and also private donors. some that i talked with this evening are still not happy with the city?s decision. santa clara is competing with miami for the 2016 super bowl. miami however chose not to give in to these requests made by the nfl. mayor matthews believes this move puts santa...
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Mar 20, 2013
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this could delay tax refunds. somebody else had already cashed in on this. >> the feeling, the loss of control. it is not supposed to happen when you file taxes. the biggest question for me is what else have they done. bill: the treasury department is on us, implementing new protocols to prevent this from happening before the money goes out. the irs has the best way to protect yourself is to file early before the clerks do. martha: a key part of the senate gun-control legislation has been removed. what it means to push for gun control right after this. we will be right back for your first day? yeah. ♪ dad: you'll be fine, ok? girl: ok. dad: you look so pretty. ♪ i'm overprotective. that's why i got a subaru. love. it's what makes a subaru, a subaru. . ..
this could delay tax refunds. somebody else had already cashed in on this. >> the feeling, the loss of control. it is not supposed to happen when you file taxes. the biggest question for me is what else have they done. bill: the treasury department is on us, implementing new protocols to prevent this from happening before the money goes out. the irs has the best way to protect yourself is to file early before the clerks do. martha: a key part of the senate gun-control legislation has been...
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and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to say how in the big names here involved allegedly porsche volkswagen as well as germany's richest woman or phantom shell companies in panama i mean nothing wrong with it depends how you interpret it i guess whether it becomes tax avoidance tax evasion but what can you do to stop these loopholes. it is very clear there is no into a master of very little or too little international cooperation on this and of course you know if you have families who would not notice that they lost their one five fifteen million new euros necessary for one of the big german parties for the whole federal election cam
and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to...
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Mar 18, 2013
03/13
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FBC
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn...
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Mar 18, 2013
03/13
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so if you already paid taxes on income or whatever will be taxed again and taxed hard. nearly 7%. meaning you'll have an $8,700 tax levied on you. if you managed to sock away more than $100,000 euros, you'll be forced to hand over at least 13 grand. banks in cyprus are closed today and will stay closed until thursday as parliament closed on the plan. nearly all atms are closed as the people withdraw as much as they can. now there are fears bank runs elsewhere and others, imagine if it happen here. what would we do? cowboy bill says close my accounts, bye bank! share your thoughts with us and cowboy bill. up next, a sign of the time. did you know, women and girls now outperform the guys at every level of schooling? why are women still earning less? we'll explore that question and so much more. [ male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. life brings obstacles. usaa brings retirement advice. but i'm still stubbed up. [ male anno
so if you already paid taxes on income or whatever will be taxed again and taxed hard. nearly 7%. meaning you'll have an $8,700 tax levied on you. if you managed to sock away more than $100,000 euros, you'll be forced to hand over at least 13 grand. banks in cyprus are closed today and will stay closed until thursday as parliament closed on the plan. nearly all atms are closed as the people withdraw as much as they can. now there are fears bank runs elsewhere and others, imagine if it happen...
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of pushing for a levy in state burden says cyprus has to revamp its banking system and stop being a tax haven meanwhile russian investors showed no interest in a rescue deal for cyprus and as are his news editor i have a quote he explains that the e.u. is a hard line stance a stance from german chancellor metals desire to gain all she can politically from the situation. this starts at a russia e.u. summit last year when the euro krotz told russia that cyprus would be their problem to solve cyprus had been racked by the greek economic collapse the russians didn't take kindly to that said it's a euro zone problem and it's not like russians are the only ones availing of time cypriot tax loopholes however russia did stop at two and a half billion to help trying to keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out of russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under pressure at ho
of pushing for a levy in state burden says cyprus has to revamp its banking system and stop being a tax haven meanwhile russian investors showed no interest in a rescue deal for cyprus and as are his news editor i have a quote he explains that the e.u. is a hard line stance a stance from german chancellor metals desire to gain all she can politically from the situation. this starts at a russia e.u. summit last year when the euro krotz told russia that cyprus would be their problem to solve...
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Mar 22, 2013
03/13
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CSPAN2
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a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we spent $20 billion a year on snap. last year we spent $80 billion. it's gone from $20 billion to $80 billion, four times. and so we identified a categorical eligibility gimmick that was allowing people to get food stamps who did not qualify and should not have received them. and i said, let's close that loophole. and over ten years we were projected to spend $00 billion-d $800 billion on the food stamp program. this would have reduced it by $11 billion. so we would have been spending $789 billion instead of $800 billion. you know what they said
a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we...
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Mar 20, 2013
03/13
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but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara because we know the best is in the >> reporter: and reps will take the city's bid and pitch it in person to the nfl may 21st. live in santa clara, lisa amin gulezian, abc7 news. >> lisa, thank you. sky 7hd gives you a bird's eye view of construction on the stadium. thisy are also working on the largest wi-fi network of any stadium in the country. two facebook veterans are constructing a network capable of simultane
but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win...
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Mar 19, 2013
03/13
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, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war industry, you'd have hundreds of thousands of people without jobs. reporter: i suppose. or do the opposite which is make marijuana legal and maybe try to tax it. >> shepard: and regulate it. reporter: i think that illegal activity is a constant and what is new is work that is actually legal, it's just not -- off the books and the income is not being reported. >> shepard: changing world. >> it is. >> shepard: this dire situation in syria got more complicated, at least for today. coming up more on the reported use of chemical weapons. now,
, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war...
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Mar 20, 2013
03/13
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KGO
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but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara because we know the best is in the west. >> reporter: and reps will take the city's bid and pitch it in person to the nfl may 21st. live in santa clara, lisa amin gulezian, abc7 news. >> lisa, thank you. sky 7hd gives you a bird's eye view of construction on the stadium. thisy are also working on the largest wi-fi network of any stadium in the country. two facebook veterans are constructing a network capable of sim
but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win...
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Mar 24, 2013
03/13
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for the second time extending that temporary tax increase. do you think voters would learn after a while they're being played here? apparently not. out in california governor jerry brown sold californians on a temporary tax increase for high income earners in his state. i guess the blue state liberals never learn. >> paul: bret? >> briefly a hit for pope francis off to a fantastic start and i think this is obviously true for catholics and even as a non-catholic you see a pope getting out and mingling with people and showing love and humility to the people assemblying by the hundreds of thousands in rome to see him. next week, he's going to go and wash the feet of inmates in a prison for young offenders and this is the right way it seems to me to conduct the papacy and wish him continued success. >> paul: thank you all. and remember, if you have your own hit or miss, send it to us at jer@foxnews.com and follow us on twitter: @jer on fnc. that's our show and thanks to all of you, i'm paul gigot and we hope to see you all here next week. >> on f
for the second time extending that temporary tax increase. do you think voters would learn after a while they're being played here? apparently not. out in california governor jerry brown sold californians on a temporary tax increase for high income earners in his state. i guess the blue state liberals never learn. >> paul: bret? >> briefly a hit for pope francis off to a fantastic start and i think this is obviously true for catholics and even as a non-catholic you see a pope...
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Mar 20, 2013
03/13
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you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may favor that tax grab. that is my concern. can you dissuede me from that concern? >> i do not like this tax grab. states fund themselves with sales tax. it's the primary way that states generate, revenues for themselves. so we cannot take away the only way they generate revenue. >> some states. >> some, right, but maybe a better way to do it is to collect the tax in the state where the psmall business exist. >> how about that? >> that is what exists now, it's across state lines that we are talking about. >> go ahead. go ahead. pleas
you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may...
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Mar 22, 2013
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the nation's parliament rejected a bailout offer which included that tax. but the clock is ticking for the small island nation. europe's central bank has sed a monday deadline for cyprus to come up with a plan to save itself. otherwise, emergency funding gets cut off entirely. that could force cyprus to ditch the eurozone, and investors say change like that could trigger a broader market panic. greg is live for us. greg? reporter: we're standing in front of what is really a symbol of the problems here, an atm machine. i'll ask my cameraman to zoom in on it. this started working in the past hour. we talked to people who have been to 20-30 atms, have not found any cash. they're desperate. a few blocks from where we are the parliament is meeting, trying to come up with a new approach to the bailout plan, and also getting rid of a troubled bank and what is off the tables the nationalization of pension funds. that was even said to be too tough by german officials but the proposal to tap into bigger accounts over $130,000, but that has got to be stirring people u
the nation's parliament rejected a bailout offer which included that tax. but the clock is ticking for the small island nation. europe's central bank has sed a monday deadline for cyprus to come up with a plan to save itself. otherwise, emergency funding gets cut off entirely. that could force cyprus to ditch the eurozone, and investors say change like that could trigger a broader market panic. greg is live for us. greg? reporter: we're standing in front of what is really a symbol of the...
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back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. everybody. everybody sees. these. women resume is. one of them. very. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest being that the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in place now this means that there really is a cash problem on the ground cypriots going to early in the morning trying to get as much cash as they could as some have told me that the limit on their cars the amount that they could take for the bank has changed has been lowered we've also been speaking to some shopkeepers they're really having a problem be seen b
back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. everybody. everybody sees. these. women resume is. one of them. very. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're...
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that said it's a euro zone problem and it's not like russians are the only ones availing of cypriot tax loopholes however russia did stop two and a half billion to help try and keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held deposits in cyprus germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro groups decision to raid privately held super deposits weekend. and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a eurozone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished
that said it's a euro zone problem and it's not like russians are the only ones availing of cypriot tax loopholes however russia did stop two and a half billion to help try and keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under...
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Mar 20, 2013
03/13
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KGO
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but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara because we know the best is in the west. >> reporter: and reps will take the city's bid and it in person to the nfl may 21st. live in santa clara, lisa amin gulezian, abc7 news. >> lisa, thank you. sky 7hd gives you a bird's eye view of construction on the stadium. thisy are also working on the largest wi-fi network of any stadium in the country. two facebook veterans are constructing a network capable of simultane
but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win...
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Mar 20, 2013
03/13
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being reimbursed for efforts to make this successful event. >> giving a hotel tax break isn't as bad as this may sound. 350 rooms are involved at $150 nightly rate, tax is $14.25 a $5,000 loss per night revenue normally goes into the city's general fund. the general manager at the hilton santa clara thinks super bowl spending will more than offset that loss. >> the value that have event in this city and exposure we're going to get i think will more than makeup for anything lost. >> he's planning a 140 room addition to the hotel in time for the super bowl. with rooms going to be a premium rate. >> on a personal level, yes, i'm keeping on top of this, i think that because of -- we're showing regional ef yrts here. that is our key. >> hosting could be too big of a prize for
being reimbursed for efforts to make this successful event. >> giving a hotel tax break isn't as bad as this may sound. 350 rooms are involved at $150 nightly rate, tax is $14.25 a $5,000 loss per night revenue normally goes into the city's general fund. the general manager at the hilton santa clara thinks super bowl spending will more than offset that loss. >> the value that have event in this city and exposure we're going to get i think will more than makeup for anything lost....
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Mar 20, 2013
03/13
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without a tax hike, that drove us far into the red. but other numbers are more horrifying, roughly 800 americans lost limbs, many tens of thousands of more are fighting ptsd, dealing with traumatic brain injury, and the iraqis are still suffering. the wave of bombings in iraq marked the tenth anniversary. dozens died. this was last week, a bloody reminder of the human cost since march 19, 2003, when the first u.s. bombs fell. in the wake of 9/11, president bush and secretary of state colin powell made the case that saddam hussein was set to use weapons of mass destruction. the u.s. invasion was easy, but the mission was not accomplished by that may, even though some insist today u.s. forces did succeed. war planner douglas fife. >> saddam was in fact an extremely dangerous guy. >> martin dempsey. >> today we have in iraq a partner, not an adversary. >> reporter: but 2003 to 2008 was a nightmare of roadside bombs and civil war. a hard lesson. >> we went into iraq without a real plan for how to stabilize the place afterwards. >> reporter
without a tax hike, that drove us far into the red. but other numbers are more horrifying, roughly 800 americans lost limbs, many tens of thousands of more are fighting ptsd, dealing with traumatic brain injury, and the iraqis are still suffering. the wave of bombings in iraq marked the tenth anniversary. dozens died. this was last week, a bloody reminder of the human cost since march 19, 2003, when the first u.s. bombs fell. in the wake of 9/11, president bush and secretary of state colin...
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Mar 25, 2013
03/13
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i'm for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance chris i want to -- >> chris: i want to go back to the filibuster. after you filibustered for 13 hours you got this letter from the attorney general in which he wrote does the president have the authorization to kill an american with a drone to kill an american not engaged in combat on american soil just is answer to that is no. it seems to me what attorney general holder is saying by implication is that the president does have the authority to use a drone strike on an american on u.s. soil who is involved in combat. >> well, here is the thing. i never argued against if people are attacking the twin towers with planes an imminent threat or active ongoing threat i never argued you wouldn't use drones or planes or f-16s to repel that kind of attack. the problem is a lot of our drone attacks are targeted killing overseas are killing people not actively en
i'm for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance chris i want to -- >> chris: i want to go back to the filibuster. after you filibustered for 13 hours you got this letter from the attorney general in which he wrote does the president have the authorization to kill an american with a drone to kill an american not engaged in...
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started protesting on the streets when it was announced that one of the conditions is imposing a a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is still a question and parliamentarians here are still going to be debating on our how much that will be how a percentage that will be on which kind of back accounts of cypriot bank holders that will be as well so it's still a big question and this is an answer that the people are certainly going to be waiting for have been out into the street speaking to the people on how they actually feel about the decisions that their leaders have been making so we're here with a meeting point of protesters for the past two days here inside worse ever since the announcement over the last weekend that the easy way would be giving them ten billion euros of bailout conditions that they were willing to accept and it's really been a combination of very fast the jury rating and bad news for cypriots and a
started protesting on the streets when it was announced that one of the conditions is imposing a a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is still a question and parliamentarians here are still going to be debating on our how much that will be how a percentage that will be on which kind of back accounts of cypriot bank holders that...
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Mar 19, 2013
03/13
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they don't want employees to be charged a hotel tax. the decision will be made between san francisco and miami for the super bowl l. >>> a bay area college basketball team is about to enter march madness. the men's team got a rousing sendoff yesterday. they are now in ohio where they will play middle tennessee state later today. the game starts at 6:10, pacific daylight time. the other team in the ncaa tournament is from uc berkeley and they will be playing thursday against university of nevada, las vegas and that will be at san jose's hp pavilion. >>> a closer look at wall street ahead. it's now official, developing news on a sweet deal to save a hostess treat. ♪ i'm your venus [ female announcer ] what does beauty feel like? find out with venus embrace. every five-bladed stroke gives you 360 degrees of smooth for goddess skin you can feel and feel. ♪ i'm your venus only from venus embrace. for goddess skin you can feel and feel. ♪ i'm your venus >>> despite good news on home construction, investors are still fretting about the d
they don't want employees to be charged a hotel tax. the decision will be made between san francisco and miami for the super bowl l. >>> a bay area college basketball team is about to enter march madness. the men's team got a rousing sendoff yesterday. they are now in ohio where they will play middle tennessee state later today. the game starts at 6:10, pacific daylight time. the other team in the ncaa tournament is from uc berkeley and they will be playing thursday against university...
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Mar 20, 2013
03/13
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they paid their taxes based on the law at the time. but the state appeals court ruled the tax break provision requiring companies maintain 80 percent of the work force in california was unconstitutional. the state franchise tax board responded by suspending the break and ordering any one who claimed it in the last five years owe up he owes more than 6 figures now and it could cause significant financial hardship for people who should be working on their businesses instead of spending time fighting this. law americas from both sides of the aisle agree and want to force them to skrab the tax bill. it is also reviewing the situation to determine how best to help these business owners given the court's decision. >>> thank you, diane. it is quarter to the top of the hour. still ahead, spring starts today and with that comes allergy season and just because you didn't have allergies as a child doesn't mean you can't suffer now. doctor seigel is in next. >>> a school bus driver behind the wheel of an empty bus gets a surprise call from her son
they paid their taxes based on the law at the time. but the state appeals court ruled the tax break provision requiring companies maintain 80 percent of the work force in california was unconstitutional. the state franchise tax board responded by suspending the break and ordering any one who claimed it in the last five years owe up he owes more than 6 figures now and it could cause significant financial hardship for people who should be working on their businesses instead of spending time...
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Mar 24, 2013
03/13
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KRCB
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moral budget does not take a miracle, the speakers urged lawmakers not to cut poverty programs or give tax breaks to the wealthy and corporations. >> just like in the scriptures where jesus blessed and broke the loaves and fish and said "share among each other," there is enough to go around. in fact, there's more than enough to go around." >>> a new poll from the public religion research institute this week shows that majorities in every faith group surveyed support an immigration policy that includes an earned pathway to citizenship. a little more than 60% of the population as a whole expressed the same attitude. nearly 70% of those surveyed said the golden rule, treating others as you'd like to be treated, is an important value in shaping immigration policy. >>> gordon cosby died this week. right after world war ii in which he was a paratrooper chaplain, he founded and then led the nondenominational church of the savior in washington, d.c. in an early interview on this program, cosby spoke of how members committed themselves totally to following jesus, beginning with tithes, prayers, med
moral budget does not take a miracle, the speakers urged lawmakers not to cut poverty programs or give tax breaks to the wealthy and corporations. >> just like in the scriptures where jesus blessed and broke the loaves and fish and said "share among each other," there is enough to go around. in fact, there's more than enough to go around." >>> a new poll from the public religion research institute this week shows that majorities in every faith group surveyed...
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Mar 24, 2013
03/13
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for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance, i think there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance. >> chris: i want to go back to your filibuster, in which you argued against the president's drone policy, especially, with regard to targeting of american citizens on american soil. after you would filibuster for 13 hours, you got this letter from attorney general holder, in which he wrote: does the president have the authority to use a weaponized drone to kill an american not engaged in combat on american soil? the answer to that, is no. senator paul, after your filibuster you said you were happy with that letter, but, in fact, doesn't it leave a huge loophole because it seems to me, what attorney general holder is saying, just by implication, or -- is that the president does have the authority to use the drone strike on an american on u.s. soil, who is involved in combat. >> well, see, here's the thing, i have never argued against -- if pe
for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance, i think there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance. >> chris: i want to go back to your filibuster, in which you argued against the president's drone policy, especially, with regard to targeting of american citizens on american soil. after you would filibuster for 13 hours, you got this letter from attorney general...
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Mar 19, 2013
03/13
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but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxation track businesses. this is cruel to give something out to encourage small business and take it back. that is extreme. >> bret: not sigh press but it's extreme. >> we have to revise doomsday pronouncement. we have been saying that america is headed the way of greece. i would say it's headed the way of cyprus. if you start to confiscation people's money retroactively you have a problem on your hands. if you put it to the vote for people at stake, you get a result today in the parliament that nobody, not a member of the parliament supported the agreement to government itself proposed. the government party, not one of them voted yes. it obtained on a proposal it agreed to. >> bret: the state says affected taxpayers can request a waiver and hope they can struck a deal. we will follow this one. that is it for the panel. stay tuned to see the winner
but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxation track businesses. this is cruel to give something out to encourage small business and take it back. that is extreme. >> bret: not sigh press but it's extreme. >> we have to revise doomsday pronouncement. we have been saying...
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Mar 20, 2013
03/13
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KGO
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santa clara will wave a 10 percent hotel tax on the 350 rooms the nfl staff would occupy and it would waive a 10 percent surcharge and smaller fees. they hope to make the bid more attractive and competitive with miami, the other finalist to hope the super bowl. representatives will take the pitch to the nfl on may 21. our news reporter will have a live report at the top of the hour. >> it is expected to be a tense gathering when the board of hewlett-packard holds the annual meeting today the shareholders have called for the ouster of half of the board members of at the palo alto high-tech giant made several poor investments including the botched $8 billion take year of a software maker in 2011. h.p. argues reshuffling the director could undermine efforts to revitalize the company. the c.e.o. is working to improve the fortunes of the computer make. >> an investigation is underway in south korea into possible cyber attack after computer networks of three broadcasters and several banks were paralyzed in seoul days after north korea blamed south korea and the united states for cyber attac
santa clara will wave a 10 percent hotel tax on the 350 rooms the nfl staff would occupy and it would waive a 10 percent surcharge and smaller fees. they hope to make the bid more attractive and competitive with miami, the other finalist to hope the super bowl. representatives will take the pitch to the nfl on may 21. our news reporter will have a live report at the top of the hour. >> it is expected to be a tense gathering when the board of hewlett-packard holds the annual meeting today...
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Mar 19, 2013
03/13
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FBC
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series, tax pain. we'll be right back. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections oa complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. cheryl: we're coming up on 15 past the hour. stocks every 15 minutes. we have fox business team coverage for you. bill flynn is standing by the trading pits. sandra is at the daily wizard and charles payne showing us h
series, tax pain. we'll be right back. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections oa complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses...
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Mar 19, 2013
03/13
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CSPAN2
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tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning chris. you were on with grover norquist. >> caller: thank you. thank you for c-span. mr. norquist, i think there is a big problem. perception is everything when it comes to marketing and it's the perception that the democrats are able to get across because the democrats, they know their audience and they know who their pandering to. and they treat them like stupid children. i will give you an example. you remember when the bush tax cuts first came out and tom daschle and dick gephardt were the minority leaders. they didn't have anything. they didn't have the house and they didn't have the senate or the wh
tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning...